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Chevron CVX Net Operating Loss Carryforwards

Net Operating Loss Carryforwards at other companies

ConocoPhillips logo
ConocoPhillipsCOP
$4.05B-17.6%

Other financials

Income statement

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Revenue$48.6B+2.1%
Gross profit$20.3B+7.1%
Net income$2.2B-36.9%
EPS (diluted)$1.11-44.5%

Balance sheet

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Cash & equivalents$6.3B+2.4%
Total debt$45.4B+53.1%
Total equity$183.72B+23.1%
Total assets$329.55B+28.5%

Cash flow

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Operating cash flow$2.5B-51.6%
CapEx$4.1B+3.5%
Free cash flow-$1.5B-223%

Valuation

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Market cap$345.8B+39.2%
Enterprise value$384.91B+41.2%
P/E31.4×+15.5×
P/S1.8×+0.6×

Profitability

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Gross margin43.2%+2.8pp
Net margin5.8%-2.0pp

Returns & leverage

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Return on equity6.6%-3.5pp
Debt / equity0.2×0.0×
Current ratio1.1×0.0×

Where this comes from

Reported directly by Chevron in its filing.

Tagged under the XBRL concept us-gaap:OperatingLossCarryforwards.

The official record: Chevron’s 10-K, filed February 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Chevron's net operating loss carryforwards?
Chevron (CVX) reported net operating loss carryforwards of $29.16B in Q4 2025.
How has Chevron's net operating loss carryforwards changed year-over-year?
Chevron's net operating loss carryforwards increased by 215.9% year-over-year, from $9.23B to $29.16B.
What is the long-term trend for Chevron's net operating loss carryforwards?
Over 5 years (2020 to 2025), Chevron's net operating loss carryforwards has grown at a 8.1% compound annual growth rate (CAGR), from $19.76B to $29.16B.
What does net operating loss carryforwards mean?
Tax losses that can be used to reduce future tax bills.
How do you interpret net operating loss carryforwards?
An increase indicates potential future tax savings, while a decrease suggests the company is utilizing these assets to offset profits.
How does net operating loss carryforwards compare across companies?
Standard deferred tax asset disclosure in tax footnotes.